Tadawul 2160: Comprehensive Analysis of Amiantit Stock in Saudi Market

Tadawul 2160 refers to the stock of Amiantit Company, which was established in 1968 in Dammam. Amiantit is one of the first Saudi companies specializing in the manufacturing of pipe systems and composite materials used in water, sewage, energy, and petrochemical projects. The company listed its shares in the Saudi financial market within the materials and heavy industries sector, and it has a manufacturing and distribution base that extends beyond Saudi Arabia to over 30 countries worldwide. Amiantit offers integrated solutions that include steel pipes, fiberglass pipes, polymer-reinforced concrete pipes, as well as packaging and chemical insulation services. The company's long history and over 50 years of experience have made it a key player in developing infrastructure projects in the Kingdom.

Amiantit occupies a strategic position in the heavy industries and construction sector in Saudi Arabia. Its business scope includes manufacturing pipes designed for water and sewage transportation, as well as oil and gas pipelines. One of its key products is corrosion-resistant fiberglass pipes (GRP/GRE), which are in increasing demand for modern infrastructure projects. The company also produces steel pipes, polymer-reinforced concrete pipes, and insulation and protective coating supplies for pipes. Amiantit's importance lies in its ability to provide integrated solutions for major projects, from design to supply and installation, enhancing its competitiveness against regional and global companies. The company's activities have expanded to include after-sales services and maintenance, in addition to strategic partnerships with major governmental and industrial entities.

Recently, the price of Amiantit stock (Tadawul 2160) reached approximately 16.42 Saudi Riyals according to data from the Saudi financial market. The stock has experienced moderate price movements during recent trading sessions, with an increase of 1.92% compared to the previous close, and a daily trading volume of about 193,712 shares in one session. In previous sessions, the price ranged between 16.11 Riyals and 16.42 Riyals. These figures reflect relative stability in the stock's performance in response to market and sector movements. Interested parties should follow the stock's official page on Tadawul or financial news platforms for real-time updates, as prices and volumes change continuously based on the company's results and sector events.

The market capitalization of Amiantit is estimated at approximately 2.96 billion Saudi Riyals, based on the stock price and the number of issued shares (around 180 million shares). This size places Amiantit among the mid-sized companies in the Saudi stock market. The price-to-earnings (P/E) ratio is an important indicator reflecting the relationship between the stock price and the company's annual profitability. This ratio typically ranges between 10 and 15 for Amiantit, which is close to the average for the materials and heavy industries sector in the Kingdom. It is important to note that the P/E ratio changes with the company's quarterly and annual results and is affected by profit realization or losses. In recent years, the company's profitability has gradually improved due to restructuring and external expansion.

Amiantit's dividend distributions depend on achieving annual net profits. Over the past five years, the company has announced varying distributions, ranging from 5% to 7% of the nominal value of the stock in profitable years, while distributions may be frozen or reduced in years of weak performance. This policy reflects flexibility in dealing with financial changes, as the company sometimes prefers to reinvest profits to develop the business or strengthen its financial position. It is important to monitor the company's official announcements and annual reports to know the dates and rates of distributions, as they are one of the important factors in evaluating the stock's attractiveness for investors seeking regular income.

Amiantit's financial data showed significant improvement in 2024 and 2025. The company achieved net profits exceeding 20 million Riyals in the third quarter of 2024, and cumulative profits for the first three quarters of 2025 reached about 80 million Riyals. This performance reflects the company's efforts to improve operational efficiency and expand into foreign markets, such as signing memorandums of understanding for major projects in Libya and Gulf countries. This positive shift is also attributed to updating production lines and reducing costs, in addition to benefiting from the rising demand for pipe systems in Saudi infrastructure projects under Vision 2030. It is always advisable to review the quarterly and annual reports issued by the company for accurate and updated figures.

Amiantit and Hail Cement belong to the materials and construction sector in the Saudi market, despite their different specializations. Amiantit focuses on manufacturing pipe systems and composite materials, while Hail Cement operates factories for producing cement and ready-mix concrete. This sectoral overlap makes the performance of both companies an indicator of the strength of the construction sector in the Kingdom. Typically, the demand for pipes accompanies an increase in the demand for cement, especially during periods of real estate booms or large government infrastructure projects. Hail Cement is one of the leading competitors in the cement sector, achieving high dividend distributions, as was the case in 2023 when it distributed 7.5 Riyals per share. Positive activity in one of these sectors often reflects on the other, and together they form a pivotal part of the national development strategy.

Amiantit faces strong competition from local, regional, and global companies in the pipe manufacturing sector. Key local competitors include SABIC and the Saudi Electricity Company in petrochemical and energy pipeline projects. Regionally, competition arises from companies in the UAE and Qatar in supplying pipes for infrastructure projects. Globally, Amiantit competes with companies such as Trelleborg from Sweden and Flowtronex in advanced pipe system solutions. Amiantit benefits from a global distribution network and accumulated manufacturing expertise, in addition to the integration of its services from design to installation and maintenance. However, some challenges such as fluctuations in raw material prices and global market volatility persist. Nevertheless, Amiantit remains in a strong competitive position due to its ability to execute major projects and its strategic partnerships.

Amiantit's performance heavily depends on local economic activity, particularly regarding infrastructure projects and government initiatives under Vision 2030. Water and sewage projects and energy network expansions are among the main drivers for increased demand for the company's products. For example, Amiantit's signing of an agreement with the Libyan government for major water projects in 2025 reflects its intention for international expansion. Additionally, the launch of large government projects in Saudi Arabia or Gulf countries supports revenue growth and enhances confidence in the stock. On the other hand, fluctuations in global exchange rates and raw material prices may affect profit margins, requiring careful financial management by the company.

Amiantit has witnessed significant developments in 2024 and 2025, including signing memorandums of understanding for major water projects outside the Kingdom and updating its production lines to increase efficiency and reduce costs. It has also announced partnerships with global companies to develop energy-efficient pipes and expanded into new markets both within and outside Saudi Arabia. These steps reflect the company's strategy to diversify revenue sources and reduce reliance on the local market alone. Financially, recent quarterly results have shown stability in profitability and improvement in operational indicators. The company continues to disclose its news through the Tadawul website, financial news platforms, and its official channels, allowing investors to stay updated on developments.

The price of Amiantit stock (Tadawul 2160) can be easily tracked through the official website of the Saudi financial market (Tadawul), where there is a dedicated page for each stock displaying real-time price, trading volume, and transaction value. Additionally, platforms like Mubasher, Argaam, and Investing.com provide real-time updates, historical prices, and technical analyses of the stock. It is also recommended to follow the company's official announcements and its quarterly and annual reports available on the investor relations website. Urgent news or significant developments are often published through financial news websites and the company's social media channels. These channels allow investors and analysts to continuously monitor the stock's performance and the changes affecting it.

The price of Amiantit stock is influenced by several key factors, including the volume of government infrastructure projects, the company's expansion into regional and global markets, and local and global economic changes. Internal factors also include restructuring efforts and updating production lines, as well as cost and debt management policies. Fluctuations in raw material prices and exchange rates also play a role in determining profit margins. At the sector level, the recovery of the construction and building sector typically benefits pipe and materials companies, which may support demand for Amiantit's products. Finally, the company's announcements regarding profits or new contracts often directly impact stock movements in the market.

Despite the different specializations between Amiantit (pipes and composite materials) and Hail Cement (cement), their performance is linked to the vitality of the Saudi construction sector. During 2024 and 2025, Hail Cement recorded record profits and high distribution rates, supported by strong local demand. In contrast, Amiantit has worked to enhance its stability and achieve gradual profit growth due to external expansion and operational updates. For investors, Hail Cement's stock may provide an opportunity for high periodic dividends, while Amiantit attracts those seeking relative stability and geographical diversification in income sources. It is always advisable to compare financial indicators, such as the P/E ratio and earnings per share, between the two companies and similar firms to gain a clearer picture of relative performance.

Despite the availability of information and financial analyses regarding Amiantit stock (Tadawul 2160), making an investment decision requires careful study of the data and consideration of personal goals and risk tolerance. Investors' circumstances vary from person to person, and their expectations may differ based on their investment strategies. Therefore, it is always essential to consult a licensed financial advisor before making any buy or sell decisions, to ensure that the decision aligns with financial needs and acceptable risks. The SIGMIX platform offers educational and analytical content aimed at raising financial awareness among readers, but it does not provide direct buy or sell recommendations. The investment decision remains a personal responsibility that requires careful review of sources and official data.